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QUESTION
A tenant has a gross lease with an 'expense stop' of USD 2.75/SF.
A tenant has a gross lease with an ‘expense stop’ of USD 2.75/SF. If the building has 200,000 square feet of leasable space, reimbursable operating expenses of USD 750,000, & the renter rents 25,000 SF, then how much does the tenant owe the landlord in expense reimbursements the total USD amount?
